Mr. Lim faces five charges, including making misleading statements.
Section 18 prohibits any person from making misleading statements in reports filed with the SEC.
(Sessions had his own problems, after making misleading statements to the Senate about his Russian contacts).
They have compounded the problem by continually making misleading statements about their agencies' authorities and activities.
The lawsuit accuses him of making misleading statements to investors about a complex mortgage security that he designed and sold.
Rosenfeld's empty promise may have broken takeover rules designed to prevent companies making misleading statements during bid battles.
In 1983, California obtained an injunction against the company, preventing it from making misleading statements to potential clients.
It would be a similar situation if JPMorgan were required to pay a fine for making misleading statements to its own investors.
Instead, it accused Mr. Stoker of breaching Section 17(a)(2) and (3) of the Securities Act of 1933, which only require showing negligence in making misleading statements.
"However, if the executive branch is unwilling to do that, then it is particularly important for government officials to avoid compounding that problem by making misleading statements".
Instead of resigning in protest, the honorable thing to do, he made things worse by going before the United Nations and making misleading statements about Iraq's weapons programs.
